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1 – 10 of 623Yong-Ki Min, Sang-Gun Lee and Yaichi Aoshima
Starting from industry 4.0 in Germany and followed by the New Strategy for American Innovation in the USA and the smartization strategy in Japan, developed countries are pushing…
Abstract
Purpose
Starting from industry 4.0 in Germany and followed by the New Strategy for American Innovation in the USA and the smartization strategy in Japan, developed countries are pushing nation-wide innovation strategies. Similarly, China is pursuing the Made in China 2025, and Korea announced the Manufacturing Industry Innovation 3.0 strategy. However, few researchers have identified the industrial structure that establishes the foundation of the 4th Industrial Revolution or have derived strengths and weaknesses to provide implications on policy formulation through quantitative comparison with developed countries. Therefore, the purpose of this paper is to analyze the spillover effect of the information and communication technology (ICT) industry (the foundation of the 4th Industrial Revolution) and machinery·equipment industry (the foundation of smart manufacturing through convergence with ICT industry).
Design/methodology/approach
This study examines the industrial spillover effects of the ICT industry and machinery·equipment industry in the USA, Germany, Japan, China and Korea by using the World Input–Output Table from 2000 to 2014.
Findings
The results showed that backward linkage effect of the ICT Industry are high in the order of Korea≑China>Japan>the USA≑Germany, and forward linkage effect of the ICT industry are high in the order of Japan ≑> the USA≑Korea ≑> China ≑> Germany. Backward linkage effects of the machinery·equipment industry are high in the order of China>Japan≑Korea>the USA>Germany, and forward linkage effects of the machinery·equipment industry are high in the order of China>Korea>Germany≑Japan≑the USA.
Practical implications
China and Korea encourage active government investment in ICT and machinery·equipment industries, especially the intentional convergence between ICT and machinery·equipment industries is expected be generate higher synergy. The “innovation in manufacturing” strategy in the USA that utilizes its strength in ICT services seems appropriate, whereas Germany needs to revitalize the ICT industry to strengthen its manufacturing industry. Japan’s strategy is to focus its ICT capabilities on robot sector. While the scope of innovation is limited, its synergy is worth expecting.
Originality/value
This study attempted to provide a theoretical approach to the determination of national policy strategies and provide practical implications for response to the impacts of the 4th Industrial Revolution, by comparing the inducement effects of ICT and machinery·equipment industries between major countries.
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Chunguang Bai, Joseph Sarkis and Yijie Dou
The purpose of this paper is to threefold. The first purpose is to review and critically analyze corporate sustainability development (CSD) research in China. Second, the paper…
Abstract
Purpose
The purpose of this paper is to threefold. The first purpose is to review and critically analyze corporate sustainability development (CSD) research in China. Second, the paper extracts a unified theoretical framework among CSD drivers, CSD practices, and corporate performance in China. Finally, it seeks to identify links between CSD and industrial management and data systems (IMDS) topics.
Design/methodology/approach
A comprehensive and structured review of the research literature investigating CSD in China was completed. Categorizations and classifications of the literature were summarized. A critical analysis of the literature resulted in a generic theoretical framework that can be used for evaluation of the literature and further investigation.
Findings
The literature review found over 189 papers on CSD in China published from 1997 to 2013. The framework developed focussed on relationships among drivers, practices, and performance within a CSD in China context. The framework provides useful insights into the implementation of CSD practices. The integration of the three dimensions of sustainability and decision-making methodology are still rare. Specific features of CSD are also reviewed with a linkage to IMDS research around information technology, business process modeling, and supply chain management.
Originality/value
This is one of the first works to provide a comprehensive focus on CSD in China. The theoretical framework was developed for CSD in China to clarify the relationships between the drivers, the corporation’s characteristics, CSD practices, and corporation performance and will prove useful for future research development and investigation. The linkage to IMDS topics is novel and will help further research related to CSD in China for this journal.
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Ahsan Habib, Haiyan Jiang and Donghua Zhou
– The purpose of this paper is to investigate the effect of audit quality on the market pricing of earnings and earnings components in China.
Abstract
Purpose
The purpose of this paper is to investigate the effect of audit quality on the market pricing of earnings and earnings components in China.
Design/methodology/approach
The paper measures audit quality using three tiers of audit firm designation, namely International Big 4 audit firms, local Top 10 audit firms and, finally, the local second-tier audit firms. Earnings are decomposed into accruals and cash flow components and accruals are further decomposed into discretionary and non-discretionary accruals.
Findings
The paper finds that, although earnings and its components are priced positively by the Chinese stock market, Big 4 audit does not provide any incremental benefit to clients in terms of market pricing of clients’ financial numbers. The paper finds a negative impact of local Top10 audit on the pricing of earnings in China. However, the paper finds no incremental effect of local Top 10 audit on the market pricing of earnings components.
Originality/value
Although prior research in China has used modified audit opinion as the audit quality matrix, the paper considers market valuation of earnings and earnings components for firms audited by different categories of auditors.
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Examines the impact of the intensity level of design formanufacturability (DFM) on the time‐to‐market. Hypothesizes thatcompanies which use the DFM technology strategically are…
Abstract
Examines the impact of the intensity level of design for manufacturability (DFM) on the time‐to‐market. Hypothesizes that companies which use the DFM technology strategically are more likely than their counterparts to exhibit a shorter time‐to‐market, introduce new products and processes more often, and are more responsive to their customers needs. An index for measuring the intensity level of DFM is developed. The analysis was based on data collected from 165 manufacturing firms in three industry groups in US – industrial machinery equipment, electronic and electric machinery equipment, and transportation equipment. Suggests that differences in time‐to‐market among firms with different intensity level of DFM do exist. Shows the existence of moderate association between DFM and time‐to‐market, and between DFM and introducing new products and new processes.
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Examines the impact of the intensity level of computer‐basedtechnologies (CBTs) on quality. The intensity level of CBTs isempirically‐based. The main thrust of the intensity level…
Abstract
Examines the impact of the intensity level of computer‐based technologies (CBTs) on quality. The intensity level of CBTs is empirically‐based. The main thrust of the intensity level of CBTs is fourfold. First, the technology must, intuitively, exist. Second, it must be integrated with other available technologies. Third, it must be utilized to a certain extent. Finally, it must have been used long enough to produce synergistic results. Determines whether there are differences in quality among firms with different intensity levels of CBTs. The analysis was based on data collected from 165 manufacturing firms in three industry groups in the USA. These are industrial machinery equipment, electronic and electric machinery equipment, and transport equipment. Descriptive statistics show the following: (1) the level of technology integration is low; (2) the level of programmable automation is also low; (3) most of the CBTs are used as stand‐alone technologies; and (4) most of the CBTs are used in the early stages of designing the product. The results also suggested that differences in quality exist among groups with different intensity levels of CBTs. These findings have many implications for both practitioners and academicians. For practitioners, the intensity level of CBTs, as operationalized here, can be used by manufacturing firms as a vehicle to benchmark their performance against that of their competitors. For academicians, introduces a new measure for operationalizing the intensity level of CBTs. Also discusses other implications.
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Heiko Gebauer, Thomas Friedli and Elgar Fleisch
Despite the proven benefits of an extended service business, most manufacturing companies find it extremely difficult to increase service revenues successfully.
Abstract
Purpose
Despite the proven benefits of an extended service business, most manufacturing companies find it extremely difficult to increase service revenues successfully.
Design/methodology/approach
An extensive benchmarking project was conducted with a variety of firms in order to gain a better understanding of success factors aimed at increasing service revenue in manufacturing companies. By reviewing the first benchmarking findings with companies that struggled to achieve a high level of service revenue, additional insight into how service revenue is influenced by the success factors was gained.
Findings
This paper attempts to provide a better understanding of the necessary changes in a firm's activities, organizational structure and culture, and to demonstrate the impact of these factors on service revenue increases.
Research limitations/implications
The findings have some clear limitations. The main focus was on the German and Swiss machinery equipment manufacturing industries, and remarks are limited to these sectors. However, it is recommended applying the findings to other industry sectors which are confronted with similar problems.
Practical implications
The analysis and conclusions have significant implications for both researchers and managers. For service management theorists, this paper suggests that increasing service revenue in manufacturing companies is influenced strongly by several factors. All factors seem to be the right triggers for increasing service revenues in the desired manner. Monitoring these success factors and gaining an understanding of their impact, provides some guidance for managers seeking to create strong growth in service revenue.
Originality/value
This paper offers practical help to achieve high service revenues in manufacturing companies.
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Jian Feng, Lingdi Zhao, Huanyu Jia and Shuangyu Shao
The purpose of this paper is to assess the effectiveness of the Silk Road Economic Belt (SREB) strategy and its role of industrial productivity in China.
Abstract
Purpose
The purpose of this paper is to assess the effectiveness of the Silk Road Economic Belt (SREB) strategy and its role of industrial productivity in China.
Design/methodology/approach
To identify the causal effect of this strategy on industrial sustainable development, the authors first use the slacks-based measure model to calculate industries’ total-factor productivity (TFP) considered with CO2 emissions as undesirable output on the provincial level. Then, the authors use the PSM-DID method to identify the difference of TFPs between provinces and industries before and after the implementation of SREB strategy.
Findings
However, the authors find that there is no difference or even a relative decrease in TFPs of industries in target provinces after the implementation of the strategy, which reveals that the SREB strategy does not play a positive role of the industries’ sustainable development in years of 2014 and 2015.
Originality/value
The value of this result is to identify the short-term impact of SREB strategy and to seek for probable causes and appropriate solutions.
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Anang Muftiadi, Rivani Rivani and Dian Fordian
This study aims to identify the trend and sources of inefficiency of the construction sector in Indonesia causes expensive infrastructure development. The basic model was built on…
Abstract
This study aims to identify the trend and sources of inefficiency of the construction sector in Indonesia causes expensive infrastructure development. The basic model was built on the basis of the intermediate input coefficients of Input–Output Table. The sources of inefficiency were metal goods industry, mining and other quarries, the non-metal goods and minerals industry, the cement industry, petroleum refining, building and business services companies, wood, land transportation, manufacture of rubber and plastic goods, financial institutions and machinery, electrical equipment and equipment industries. Indonesia needs a strong upstream industry on raw and supporting materials of iron-steel, wood and cement.
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Since 1988 Russia and Korea have been developing bilateral economic relations. After the conclusion of, the first trade agreement, Korea has become one of the largest trading and…
Abstract
Since 1988 Russia and Korea have been developing bilateral economic relations. After the conclusion of, the first trade agreement, Korea has become one of the largest trading and investment partners of the Russian Far East. Annually, Korea has increased trade and investment flows to the Russian Far East, a region with high growth potential. By the 2000s Korea has become the Russian Far East’s third largest trading partner. This article considers trade and investment flows from the 1990s to the present, analyses the prospects of achieving goals, and the problems of developing further bilateral cooperation between Russia and Korea.
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Qiang Cao, Nanwei Hu and Lizhong Hao
The purpose of this paper is to examine whether client industry importance affects auditor independence.
Abstract
Purpose
The purpose of this paper is to examine whether client industry importance affects auditor independence.
Design/methodology/approach
This study analyzes audit firm merger data from China Stock Market and Accounting Research and uses a difference-in-difference model to find whether client industry importance is associated with auditor independence. This study uses discretionary accruals and propensity to issue modified audit opinions as proxies for auditor independence.
Findings
Results show that the greater the decline in client industry importance, the more significant the increase in auditor independence. In addition, the magnitude of decline in client overall importance is also positively associated with the extent of increase in auditor independence; however, this result disappears after controlling for client industry importance.
Research limitations/implications
The authors acknowledge that this study has limitations. First, audit firm mergers provide a unique research setting. However, the findings of this study in such setting may not be generalizable to other situations. Second, this study has a limited sample size because of data availability, which could impact the robustness of the results.
Originality/value
Results from this study are important because investors and regulators have increasing concerns over auditor independence since the Enron scandal. To the best of the authors’ knowledge, this study is the first to examine the impact of client industry importance on auditor independence and in a unique setting of audit firm merger to separate auditor independence from auditor competence, and hence controlling for self-selection bias. Results of this study provide evidence that client industry importance has significant influence over auditor independence.
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